Mega African Capital (XGHA:MAC) Cash And Cash Equivalents : GHS0.07 Mil (As of Dec. 2022)

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What is Mega African Capital Cash And Cash Equivalents?

Mega African Capital's quarterly cash and cash equivalents increased from Dec. 2020 (GHS0.00 Mil) to Dec. 2021 (GHS0.01 Mil) and increased from Dec. 2021 (GHS0.01 Mil) to Dec. 2022 (GHS0.07 Mil).

Mega African Capital's annual cash and cash equivalents increased from Dec. 2020 (GHS0.00 Mil) to Dec. 2021 (GHS0.01 Mil) and increased from Dec. 2021 (GHS0.01 Mil) to Dec. 2022 (GHS0.07 Mil).

Mega African Capital Cash And Cash Equivalents Historical Data

The historical data trend for Mega African Capital's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mega African Capital Cash And Cash Equivalents Chart

Mega African Capital Annual Data

Trend

Dec20

Dec21

Dec22

Cash And Cash Equivalents

0.01

0.07

Mega African Capital Semi-Annual Data
	Dec20	Dec21	Dec22
Cash And Cash Equivalents	-	0.01	0.07

Mega African Capital Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Mega African Capital (XGHA:MAC) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Mega African Capital Cash And Cash Equivalents Related Terms

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Mega African Capital (XGHA:MAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mega African Capital Ltd (XGHA:MAC) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Sunyani Avenue, The Alberts, 2nd Floor, No. 23 Kanda Estates, Kanda, Accra, GHA

Website

http://www.megafricancapital.com

Mega African Capital Ltd is an investment company. The company's objective is to seek exposure to the potential to generate high real returns. The company invests across three business lines namely, equity unlisted equity and real estate projects. The Company is authorized to undertake the Development, Purchase, Sales and Rental of Real Estates; Investment In Equities; Fixed Income Investments; and Any other Financial Services.